# Bel Fuse Inc. (BELFA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $202.42, market value $2.9 billion.

## Valuation
- **P/E (trailing): 51.8×**. Bel Fuse Inc. trades at 51.8× trailing earnings. The Technology median in the September 2026 study was 32.1×. Forward P/E is 25.3×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.9×**. Each dollar of revenue is priced at 3.9×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 21.1×**. Enterprise value is 21.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.5%**. Free cash flow equals 2.5% of the market value.
- **Earnings yield: 1.9%**. The inverse of the P/E: 1.9% of the price is earned each year.

## Profitability
- **Gross margin: 39.5%**. Bel Fuse Inc. keeps 39.5% of revenue after the direct cost of what it sells.
- **Operating margin: 15.9%**. 15.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.1%**. 9.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.5%**. 14.5% on shareholders' equity is solid.
- **Return on invested capital: 16.5%**. Return on all capital, debt included, is 16.5%: comfortably above what that capital costs.
- **Return on assets: 5.7%**. Each dollar of assets produces 5.7% of profit.

## Growth
- **Revenue growth (1 yr): 26.3%** (3-yr 1.1%/yr, 5-yr 7.7%/yr). Revenue grew 26.3% over the last year, against 7.7% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 29.7%/yr**. Free cash flow has compounded at 29.7% a year over three years.

## Financial health
- **Debt to equity: 0.46**. Debt is 0.46 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 5.96**. A Z-score of 5.96 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.12%** ($0.24 per share, trailing). Bel Fuse Inc. yields 0.12%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 6%** (5% of free cash flow). 6% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 23**. 23 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 70.9%** (YTD 33.5%, 3-mo -12.7%). The shares are up 70.9% over twelve months including dividends.
- **From 52-week high: -31.0%** (82.9% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 2.10** (volatility 57%). Beta of 2.10 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BELFA · Page: https://foliofundamentals.com/stocks/belfa

Not investment advice.